The Tanzania Investment Centre (TIC) was established in 1997 by the Tanzania Investment Act to be “the Primary Agency of the Government to coordinate, encourage, promote and facilitate investment in Tanzania and to advise the Government on investment policy and related matters.”

The Tanzania Investment Center (TIC) offers a package of investment benefits and incentives to both domestic and foreign investors. A minimum capital investment of $500,000 if foreign owned or $100,000 if locally owned is required.

Tanzania Investment Centre has established four zonal offices in order to assist Investors who are based in nearby regions to access TIC services without necessarily travelling to Dar es Salaam. The zonal offices are in Kilimanjaro region (Northern Zone), Mwanza (Lake Zone), Dodoma (Central Zone) and Mbeya region (Southern Highland Zone)

Tanzania Investment Centre recognizes the great role played by SMEs in building national economy. The full potential of the SMEs sector has yet to be tapped due to the existence of a number of constraints hampering its development.

A project of minimum fixed investment cost at least US$ 100,000 for projects which are wholly owned by Tanzanian Citizen(s) and US$ 500,000 for projects which are wholly owned by foreign investors or if a joint venture.

Overview

Tanzania offers abundant natural resources which provide for plenty of raw materials for the manufacturing industries such as cotton for garment and textile industries, sisal for canvassing, iron for steel, as well as various minerals and gemstones. Opportunities exist for establishment of SEZs/EPZs.